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none of this happens in the way we wanted until we grow this economy more. and i think the public gets that. i think the deal at the end of the year, the budget deal, was, in many ways, the agreement was an acknowledgment affirmation by both parties. the trickle down economics doesn't work. it doesn't trickle down and help the middle class. and those who aspire and focus on the middle sclaclass and wor families. that's what that agreement was about three weeks ago. that's where the president focuses. he focuses on immigration. i think all of this is climate change is very possible. because the public ratified that, affirmed that in the election. and i think the public wants him to move forward. >> harnessing the power of his reelection campaign, how important will it be for the people's support to be rallied to achieve? >> i think ten years ago, even in the beginning of the obama administration, i think once he was elected, we all thought progressive president, good things are going to happen. then, mitch mcconnell and john boehner came and said stop. i thin
none of this happens in the way we wanted until we grow this economy more. and i think the public gets that. i think the deal at the end of the year, the budget deal, was, in many ways, the agreement was an acknowledgment affirmation by both parties. the trickle down economics doesn't work. it doesn't trickle down and help the middle class. and those who aspire and focus on the middle sclaclass and wor families. that's what that agreement was about three weeks ago. that's where the president...
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Jan 21, 2013
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. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington and the nation were witness again today to the quadrennial pomp and color of a presidential inauguration. it marked the public start to the second obama administration, and it featured presidential appeals to extend prosperity and full freedoms to all americans. as the sun rose over the nation's capital on this monday hundreds of thousands of people began descending on the national mall to witness the occasion. officials estimated 500-700,000 attendees. that was far fewer than four years ago when nearly two million turned out. but today's crowd gave no h
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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. >> he has seen the economy come up again, and the employment -- unemployment rate is still too high but i think this will improve. we're out of iraq and we are changing our policy in afghanistan, and osama bin laden is dead. the president has made a commitment to education and he is running with a 52% approval rate, and this is a good start for a second term. >> what about the critics of the president to say that the deficit has grown and he has not put his weight behind climate change. in his first address, he mentioned climate change three times. and there are still problems in the country and the criticism -- is that he has given a fabulous speech but has not followed through. >> i think some of the criticism is fair but you have to also talk about his initial priorities or challenges. he is really committed to doing something about this in the second term. the deficit is one of the most difficult issues and the president -- he does not sign the appropriation bills until they are passed by congress. and this is not something that the president can do alone. it is the congress dec
. >> he has seen the economy come up again, and the employment -- unemployment rate is still too high but i think this will improve. we're out of iraq and we are changing our policy in afghanistan, and osama bin laden is dead. the president has made a commitment to education and he is running with a 52% approval rate, and this is a good start for a second term. >> what about the critics of the president to say that the deficit has grown and he has not put his weight behind climate...
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of global companies will descend on this other wise pretty quiet tone to talk about global economies most painful wounds and of course some of the ways they hope to help heal so let's rewind to katie's journey to doubt.
of global companies will descend on this other wise pretty quiet tone to talk about global economies most painful wounds and of course some of the ways they hope to help heal so let's rewind to katie's journey to doubt.
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader has been setting out his second to stove with barack obama having to leave it speech on the next four years of his presidency for a look at whether he can live up to those promises and if you make. me speak your language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks about six of the c.o.r.p. interviews intriguing stories for you to. try. to find out more visit our big. dog called. out i welcome back now with a general election looming in israel polls predict there will be little change in the makeup of the country's parliament full cost promising the return of prime minister benjamin netanyahu is right wing there could potty all leaving many voters apat
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader has been setting out his second to stove with barack obama having to leave it speech on the next four...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader has been setting out a second to stool with barack obama having delivered a speech on the next four years of his presidency we will look at whether he can live up to his promises in a few minutes. plus hungry for profits why investment bank is being blamed for forcing up food prices for everyone else the details coming up. georgian president mikheil saakashvili military police have been accused by prosecutors of using a very unusual weapon to control members of the government a weapon so unusual that history great villains wouldn't even touch it that weapon was almost sexuality the georgian prosecutor's office claims a network of gay spies was set up to seduce certain politicians in order to surveil t
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader has been setting out a second to stool with barack obama having delivered a speech on the next four...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader is setting out his second term still these are live pictures about the farmer at the moment delivering the speech that he's. the next four years of his presidency and later in the program we will discuss whether he can live up to his promises. plus hungry for profits why investment bank is being blamed for forcing up food prices for everyone else the details in a couple of weeks. i . mean speak your language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks about six of v.i.p.'s interviews intriguing stories are you. trying. to find out more visit our big teeth. you know how sometimes you see a story and it seems so you think you understand it and then you
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. well across the atlantic another leader is setting out his second term still these are live pictures about the farmer at the moment delivering...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. across the atlantic another lady is getting ready. to still with. set to deliver a speech on the next four years of his presidency we will look at whether he can live up to his promises plus hungry for profits. being blamed for forcing up food prices for everyone else in a couple of minutes. there are twelve cities in the united states in which half of the people with hiv aids lives. with this is a problem that frankly is substantially preventable it was like the big elephant in the room and nobody wanted to talk about they were really good public health campaigns that people were really focused on this problem you certainly should be able to have a lot less a lot less human suffering. hello welcome back with a general election looming in i
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. across the atlantic another lady is getting ready. to still with. set to deliver a speech on the next four years of his presidency we will look...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now across the atlantic another leader is getting ready to set out his second term stall. a bomb effect to deliver a speech on the next four years of his presidency and look at whether he can live up to his promises. she good laboratory kirby was able to build a clue most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach me the creation of why you should care about humans in the world this is why you should care what you only. do we speak your language i mean some of the will not be in. the news programs and documentaries and spanish what matters to you breaking news a little too much of angle is stories. you hear. the spanish find out more visit actuality. welcome back you're with our t.v. live
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now across the atlantic another leader is getting ready to set out his second term stall. a bomb effect to deliver a speech on the next four years...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now across the atlantic another leader is getting ready to set out his second term stall with barack obama that delivers a speech on the next four years of his presidency look at whether he can live up to his promises. us hungry up for profits why investment bankers are being blamed for forcing up food prices for everyone else the details coming up after this. choose your language killing weaker though in the federal subsidies still some other. treatments to get consensus here to. choose the opinions that immigrate to. choose the stories could impact the. troops be sent off to. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now across the atlantic another leader is getting ready to set out his second term stall with barack obama that delivers a speech on the next...
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echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear he's not backing down from the fact that he won the election, so he's going to govern because he won. he and the other people in office took the oath to god and his country. he tried to reach over the heads of his opposition by repeatedly calling to the people. fellow citizens, fellow citizens, we need to do this. i think perhaps the most important part of the speech is one that's gone comparatively unremarked so far, and that is his review to his predecessors for what he called his declaration of war and his belief that the united states does not have to seek a policy of perpetual war,
echoes of fdr, a fighting president who also had a long-term stagnant economy. this was a guy who is ready to go to combat, and he said, look, you both were great but i now need your voices. >> alex brings up history. let's check with h.w. brands. he's a professor and author from the university of texas. i'm curious about your viewpoint on this speech from a historical perspective. >> a couple things. i was struck by the fairly combative tone the president took. it's really clear...
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and billions of dollars will go in and jereis this low-wage economy, this race to the bottom where we are becoming an advanced third world country. that is what we are, and advanced third world country. we're leading in science and technology, but not for the people. mass of a literary power. if you look at the condition that 85% of the country, it is terrible. >> i'm looking right now at those who are walking to their seats. timothy geithner, the outgoing treasury secretary. eric holder, the attorney general. their seats on the west front of the capital, about to witness the second inauguration of president obama. jenna napolitano's, the former governor of arizona, the secretary of homeland security. eric holder, the attorney general. comet, for example, on timothy geithner are. not only timothy geithner, but jack lew, who has been nominated by president obama to be the next secretary treasurer, and how that fits into the issue you're so deeply concerned about right now with minimum wage. >> a lot of liberal democrats filled with extraordinary help think, well, clinton's second term
and billions of dollars will go in and jereis this low-wage economy, this race to the bottom where we are becoming an advanced third world country. that is what we are, and advanced third world country. we're leading in science and technology, but not for the people. mass of a literary power. if you look at the condition that 85% of the country, it is terrible. >> i'm looking right now at those who are walking to their seats. timothy geithner, the outgoing treasury secretary. eric holder,...
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crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now with a general election looming in israel polls predict there will be little changes to the makeup of the country's parliament their forecasts are promising the return of prime minister binyamin netanyahu is right wing the coup party or the many voters apathetic and disillusioned parties policy or reports the countdown has begun but instead of scanning the papers to brush up on who's saying what in the final hours before his radios head to the polls. is searching for an apartment the twenty eight year old is desperate to move out of his parents' home but times are tough and he blames the government but i'm not going to vote i see who are the candidates and there is no one standing who represents me or who can change the general mood in
crisis however germans are happy with the way that she's managed this crisis and managed germany's economy throughout it but as i say it's going to come down to whether she can convince the german people that she's the right person to manage german interests at home as well as those abroad whether she can win not third term towards the end of this year. now with a general election looming in israel polls predict there will be little changes to the makeup of the country's parliament their...
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we have a tough economy we need to grow our way out of. that will need attention. we also have moral issues that really need to be addressed like gun violence in society. we have immigration reform that's so necessary for our long-term health of the nation. i think these are issues that people understand are urgent and need care and attention now. >> senator, chuck schumer said he will support chuck hagel for defense secretary. will you?h him one-on-one so i can make sure the concerns i have can be addressed. i have had a brief phone call with him on issues i care deeply about, issues of iran, with regard to women in the millitary, and implementing the don't ask don't tell repeal. >> i know many people pointed fingers at house republicans for being obstructionists but democrats in the senate have not the put forward a budget. do you expect that to change? >> we did have a budget. it was the budget act of last year. it is what has mandated the tough cuts that are facing us in the future. the sequestration is because of the budget we put in place. we're going to look
we have a tough economy we need to grow our way out of. that will need attention. we also have moral issues that really need to be addressed like gun violence in society. we have immigration reform that's so necessary for our long-term health of the nation. i think these are issues that people understand are urgent and need care and attention now. >> senator, chuck schumer said he will support chuck hagel for defense secretary. will you?h him one-on-one so i can make sure the concerns i...
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you can do it without tanking the economy. you have to be careful. >> can you hold hands with elizabeth warren? >> she is a great reader of biographies in history. >> book club. >> thank you. >>> you on this afternoon? >> theoretically: >> still ahead, look who is coming. this is exciting. >> former secretary of state colin powell. you are watching "morning joe" live on inauguration day in washington, d.c. we'll be right back. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, ev
you can do it without tanking the economy. you have to be careful. >> can you hold hands with elizabeth warren? >> she is a great reader of biographies in history. >> book club. >> thank you. >>> you on this afternoon? >> theoretically: >> still ahead, look who is coming. this is exciting. >> former secretary of state colin powell. you are watching "morning joe" live on inauguration day in washington, d.c. we'll be right back. look,...
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many people say a huge cost is a huge factor in its economy and it's something that not only mali but specifically niger and other neighboring parts where the tourist people reside. sits on top of almost every single light bulb in france runs on electricity generated by nuclear power power relies on a steady flow of pure rainy i'm so you don't have to be a nuclear physicist to figure out that to keep all these bright lights on the french government depends on a steady flow of the precious natural resource but molly says micio land is not about power or money so that you know security this is nothing to do with any political issue from a different time if we are defending a government or business interests which government which business. some have their suspicions nationally supported the courage energy company. is about to finish the second largest ukrainian mining plant in the world next of ali every year the cars do exactly this uranium is going to be very cheap there's a third world very cheap. very. very interesting and after the french military offensive reportedly sparked a dea
many people say a huge cost is a huge factor in its economy and it's something that not only mali but specifically niger and other neighboring parts where the tourist people reside. sits on top of almost every single light bulb in france runs on electricity generated by nuclear power power relies on a steady flow of pure rainy i'm so you don't have to be a nuclear physicist to figure out that to keep all these bright lights on the french government depends on a steady flow of the precious...
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a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard, it's great to see you in person this morning. "new york times" best-selling author of "team of rivals" doris kearns goodwin. in between awards shows she's joined us. and nbc news special correspondent tom brokaw. welcome to all of you. tom, that's where we tee it up. the president, as he begins a second term, very difficult climate in washington and very real expectations. >> yes. and i was looking at those top three priorities for the american people. and they all fit into his single most difficult task, it seems to me, both conceptually and specifically. in the next couple of years, he onl
a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard,...
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several key issues that need mean right now- right ii front you'veegot the need tooreducee grow the economy, ennrgy nd cliiatt ccange, immigration, gun safety. thiigs are stacked up" gun control has topped headlines in rrcent &pweees... tte president &phas vowed toopass strictee gun 3 lawmakers on both sides of the numbee of republiians say they don't appreciate the presiddntt tacticsscruz says: - "within minutes of thaa horribleetragedy ii newttwn the pressdent began trying o exploit ttat traaedy and push a gun control genda." some ddmocratt say the time for gun reform s now..- sccumer says: "this is the best chancc of getting pometting done, and i think you'll find that we have much broader support than we would haae ever imaginee." and - outside gun conttol measures, economic ecovery and immigration reform... some pnalysts say thh presidents biggest hurdle might be a divided congress.liz marlantts / christiaa scienne monitori for obama ii actually to give -3 the country aasense that somethinggis going to get 3 washington isn't hopeless and that he is going to be aale to change things for
several key issues that need mean right now- right ii front you'veegot the need tooreducee grow the economy, ennrgy nd cliiatt ccange, immigration, gun safety. thiigs are stacked up" gun control has topped headlines in rrcent &pweees... tte president &phas vowed toopass strictee gun 3 lawmakers on both sides of the numbee of republiians say they don't appreciate the presiddntt tacticsscruz says: - "within minutes of thaa horribleetragedy ii newttwn the pressdent began trying o...
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its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades in the next, say, four to six weeks? >> i think certainly going into the end of january, we continue to rally. i wouldn't get in the way of the risk on sentiment seems very, very potent. after that, i get really concerned, indeed. i think the talks in the u.s. about the debt ceiling combined with spanish gdp coming out, my worries about german gdp, uk numbers at the end of this week, i think it is a rather unpleasant cocktail which is brewing. the last time, the story in the u.s. did stop the rally in its tracks. combined with bad news possibly later in th
its performance is not really tied into the uk economy. you have to start looking at the second and the third tier of the uk companies. we need to also look at the credit markets. the nonfinancials are very, very safe names. they tend to overperform in a rally. as a result, when drawing comparisons between the uk and the nonuk, one needs to be aware of the fact that we're not comparing like for like. >> final point, just what are your favorite ideas? what do you think happens with trades...
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gets the economy back on solid ground. and move the progressive agenda floor. >> we have to get the economy going. to many people are unemployed. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting poverty, and making america a more equal country. barack obama, tell us what your dream is for the second term and once that is over, once you have inspired us, go about the hard work of implementing that dream. it is a dream speech i am looking for. >> angela merkle. but the omens are not good. her coalition has just lost a regional election that was widely viewed as a test of public opinion. >> at first, it looked
gets the economy back on solid ground. and move the progressive agenda floor. >> we have to get the economy going. to many people are unemployed. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a...
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find out what's really happening to the global economy with mike scott.
find out what's really happening to the global economy with mike scott.
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there are many obstacles on the plate of the president from guns to immigration to the still recovering economy. but generally, for the next 24 hours, it's an opportunity for the president to enjoy this moment again. to rally americans together. this is how he will conclude the first night of his second term. but it begins, again, early tomorrow morning. melissa, the president and his family will be crossing the street from where we are at the residence over to st. john's churng, the church of presidents, it's often called where they will attend services. then he heads over to the c capitol for what he was talking about a moment ago. remarkably, the number is expected to be 600 or 800,000. that's roughly a third of the nearly two million who were here four years ago. his inaugural address tells nbc news earlier today, the president has finished writing those remarks just a couple days ago. jay carney said he didn't know if they were done, but he had seen a lot of yellow pads around the oval office. and finally, tomorrow night, two inaugural balls compared to the ten that they celebrated with ju
there are many obstacles on the plate of the president from guns to immigration to the still recovering economy. but generally, for the next 24 hours, it's an opportunity for the president to enjoy this moment again. to rally americans together. this is how he will conclude the first night of his second term. but it begins, again, early tomorrow morning. melissa, the president and his family will be crossing the street from where we are at the residence over to st. john's churng, the church of...
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it drags more on the economy now h than it has at that point. you heard democrats talk about that you need another couple interesting in order to avoid the 90 percent threshold. ab september that i don't see that he is going to be the one to lead on those issues. >> second term, though, this is what we are talking about. second term. you are talking about the president he has an opportunity to do something the art sent employees have never had a chance to take a risk go big go bold. one of those things has to do with spending. if not the kind of spending cuts which they envision which is chop off a certain percentage of this and that it's the trajectory of spending. these are steps he is willing to take. i know my friend bret baier is going to say juan he never said this publicly but it has been reported in many corridors he said he would be willing to do something in terms of the cpr. >> could he get his democratic caucus to sign on to it? >> if it was mentioned in the halls there was an uproar to the democrats. >> that's why i say go big and b
it drags more on the economy now h than it has at that point. you heard democrats talk about that you need another couple interesting in order to avoid the 90 percent threshold. ab september that i don't see that he is going to be the one to lead on those issues. >> second term, though, this is what we are talking about. second term. you are talking about the president he has an opportunity to do something the art sent employees have never had a chance to take a risk go big go bold. one...
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find out what's really happening to the global economy. or. welcome back. is now officially beginning his second presidential term having taken the oath of office at the white house on monday is expected to spout the prospects for the next four years and to deliver on some promises is so far failed to keep. was the former head of america's libertarian party believes the changes. i'm not sure that we should give president obama credit for united states. i think we would have seen the united states coming out of our economic system where he should regardless of what president obama. was efforts of stimulus indeed i suspect that in some ways efforts by the obama administration actually slowed down the american way with respect to the foreign policy there are a few hopeful signs over the nomination haykel by but given the extent to which the obama administration still seems to be whether to program using drones the power has the various laws specifically the issue of being able to target and assassinate people sensibly around the world including the fears ameri
find out what's really happening to the global economy. or. welcome back. is now officially beginning his second presidential term having taken the oath of office at the white house on monday is expected to spout the prospects for the next four years and to deliver on some promises is so far failed to keep. was the former head of america's libertarian party believes the changes. i'm not sure that we should give president obama credit for united states. i think we would have seen the united...
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i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture, undermine confidence, lower the valuations of u.s. companies because people just have less confidence in the long-term trajectory. >> and jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right? the last four years, in your view? what could he have done better or has he done wrong? >> four years ago right around this time when i was a member of the administration's economics team, i was remembering the juxtaposition of great hope and expectations and the real horror of what was going on in macroeconomy. gdp contracting at 9%. i think the president came in and hit very hard and broke the back of the great recession a lot sooner than people expected. certainly the financial markets were reflated much more quickly and at less expense than people expected.
i don't think the problem is the trajectory of the economy. i think the question is how much will these issues from washington, whether it's the debt ceiling, the sequester, the lingering uncertainty over the long-term budget picture, undermine confidence, lower the valuations of u.s. companies because people just have less confidence in the long-term trajectory. >> and jared, president obama starts his second term next week. his inauguration, of course, monday. what has he done right?...
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>> but with the economy still on shaky ground, obama decided this was an issue he needed to take on early in his presidency or forfeit it entirely. like ronald reagan before him, he knew the only way to make history is to make it fast. >> the time for bickering is over. the time for games has passed. now is the season for action. now is when we must bring the best ideas of both parties together and show the american people that we can still do what we were sent here to do. now is the time to deliver on health care. >> opposition to the bill was boiling hot, from the floor of the congress. >> the reforms i'm proposing would not apply to those who are here illegally. >> you lie! >> in town hall meetings across the country -- >> my whole family does not believe in this bill. we want the government out of our business, now. >> and outside the capitol, before the vote. >> kill the bill! kill the bill! >> but in march 2010, the president prevailed, and signed the affordable care act into law. >> today, after almost a century of trying, today, after over a year of debate, today, after all the vo
>> but with the economy still on shaky ground, obama decided this was an issue he needed to take on early in his presidency or forfeit it entirely. like ronald reagan before him, he knew the only way to make history is to make it fast. >> the time for bickering is over. the time for games has passed. now is the season for action. now is when we must bring the best ideas of both parties together and show the american people that we can still do what we were sent here to do. now is...